Wyre+ Rewards API
API partners
For Wyre’s existing API partners, rewards wallets offer an additional revenue stream and an alternative onboarding tool.
Onboarding: As rewards wallets are custodial, we are able to offer fee-less onboarding for small ticket transactions (no gas fees, no transaction fees)
Rewards. Partners can choose how to divide rewards between themselves and their users which makes this service a potentially powerful tool for monetization. Aside from customer funds, we can also ingest and pay rewards on corporate funds.
OTC partners
Eligible OTC partners can bank transfer to Wyre and have their USD balances earn rewards on USD holdings, paid out monthly or compounded during term. OTC services for trading USD to BTC are also available, where cryptocurrency earns rewards as denominated in the originating currency type (BTC-denominated reward).
General Fintech Partners
The rate of reward creates an exciting new avenue for emerging fintech players to monetize their existing product lines. Using Wyre+ Rewards API on the backend, fintechs can explore novel business models & monetize user relationships.
Updated almost 3 years ago